Franklin BSP Realty Trust, Inc. announced the closing of BSPRT 2023-FL10, an approximately $900 million managed Commercial Real Estate Collateralized Loan Obligation (?FL10 CRE CLO?). This was FBRT?s tenth CLO completed since June 2017. The FL10 CRE CLO features an 18-month reinvestment period with an initial advance rate of 85.5% and a weighted average interest rate of Term SOFR+275% before accounting for discount and transaction costs.